Rail

American Railcar will invest in leasing plan

Posted on December 14, 2010

American Railcar Industries Inc. (ARI) said it plans to invest in railcar leasing as it seeks to expand and diversify its business in response to customer demands and market conditions.

"ARI is very excited to offer railcar leasing and provide another option for customers to utilize our quality railcars," said President/CEO James Cowan. "We remain committed to meeting the needs of our customers. The economy and railcar market have been challenging over the last couple of years and ARI is responding to those challenges with an expanded market strategy."

The company, which currently sells, repairs, refurbishes and provides fleet management services for railcars, believes railcar leasing will provide customers with a broader offering of services.

ARI is currently in negotiations with American Railcar Leasing LLC (ARL), an affiliate, to enter into an agreement pursuant to which ARL would identify potential leasing customers for ARI in exchange for fees payable by ARI to ARL.

ARI also anticipates that the leasing business will provide a more consistent stream of cash flows and revenue, which management expects would diversify the company and improve performance during the down cycles of the railcar market. ARI currently plans to fund leasing operations through existing cash.

View comments or post a comment on this story. (0 Comments)

More News

Apple to introduce transit maps to iOS9

The directions would offer the ability to plan trips, getting estimated travel times for bus, train and subway transit methods.

NJ TRANSIT refutes report that its trains break speed regulations

CBS went to Secaucus Junction, a major rail hub, and the South Orange station armed with a speedometer app and a radar gun to clock trains as they passed through the stations, with a couple of trains traveling in excess of the 60 mph recommended for trains passing through stations.

San Francisco completes Central Subway tunnel portal entrance

The identical twin TBMs weighed-in at 750 tons each and were affectionately named Mom Chung — for Dr. Margaret “Mom” Chung, the nation’s first Chinese-American physician — and Big Alma — for San Francisco philanthropist and socialist “Big Alma” de Bretteville Spreckles.

House passes short-term extension of MAP-21

The Highway and Transportation Funding Act of 2015, sponsored by House Transportation and Infrastructure Chairman Bill Shuster (R-PA) and House Ways and Means Chairman Paul Ryan (R-WI), passed by a vote of 387 – 35 – 1.

Virginia Railway, GlobeSherpa rolling out new mobile app

The app, developed by GlobeSherpa, has an animated screen, with an image of the Washington, D.C., skyline and a constantly moving VRE train. The moving image serves as a security measure to keep hackers from using screen shots to mimic the app.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close